Hancock Community Education Foundation

Analysis

Hancock Community Education Foundation is a registered charity in United States, based in Hancock, NY. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hancock Community Education Foundation reported income of $636k and spending of $550k, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $661k to $636k (-3.7%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hancock Community Education Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Mid-South Synergy Charitable Foundation Inc ($636k), Virginia Literacy Foundation ($636k) and Blue Springs Education Foundation ($636k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $331k. At year end it held assets of $3.4m against liabilities of $84k, net assets of $3.4m. It reported 31 employees.